Hedge Funds Pump Up Exposure to Nvidia, Cut AMD: 13F Wrap

Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year.

These institutional investors saw Nvidia Corp. exposure grow, with the AI darling having the biggest increase by market value for a single stock in the three months ending March 31 even as hedge funds on net sold shares. They also saw increased exposure in AI leaders Amazon.com Inc, Meta Platforms Inc. and Microsoft Corp. while trimming positions, according to Bloomberg’s analysis of data from 13F filings. ...